BELSQUARE RESIDENCE
ActiveSummary
BELSQUARE RESIDENCE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €202,995. Equity has been growing by about 36% per year since 2018. Its solvency ranks better than 69% of 516 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 06-04-1990 Normal situation
- Activity
- Hotels and similar accommodation NACE 55100and 1 other
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2024
- Establishment unit
- 2.048.763.823 1040 Etterbeek, since 03-07-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Bertha Musonda ChilesheDirector · since 08-07-2021
- Charles H. SichangwaDirector · since 08-07-2021
- Henry SakalaDirector · since 08-07-2021
- NKWAZI REAL ESTATES LIMITED100%annual accounts 2025
- JARBAN SAconsolidatesannual accounts 2018
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €432,230
- ▲ 5.1%
- Turnover
- ≈ €840,000
- estimated
- Profit
- €202,995
- ▲ 9.7%
- Equity
- €4.1m
- ▲ 5.2%
- Total assets
- €7.7m
- ▲ 2.5%
- Employees on 31-12-2025
- 2
- =
Score breakdownraises riskLiquidity: current ratio 7.58, cash €115lowers riskFounded in 1990Size: 1.7 FTE, total assets €7.7mLegal form: public limited companyShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro). It does better than 73% of them on solvency, 55% on liquidity, 65% on profitability and 59% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Reappointment: Lawrence Mulangu (director)
- · Gazette deed Reappointments: Henry Sakala, Bertha Musonda Chileshe and 3 others
- · Gazette deed Amendment of the articles · Name
Comparable companies
These companies have the same main activity as BELSQUARE RESIDENCE: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €3.9m and €7.5m, founded between 1970 and 1995.
| Company | Total assets | Gross margin |
|---|---|---|
| BELSQUARE RESIDENCE Etterbeek | €7.7m | €0.4m |
| NOUVELLE HOTELLERIE Hastière | €6.5m | €0.4m |
| VERICA SARL Bertrange | €4.7m | €0.7m |
| COTE COUR Durbuy | €5.7m | €0.9m |
| LVS Beheer Knokke-Heist | €5.6m | €0.6m |
| MUGHAL Brussel | €3.9m | €0.7m |
| Les Salésiennes de Don Bosco Ganshoren | €7.5m | €0.2m |
Key facts about BELSQUARE RESIDENCE
- What is the company number of BELSQUARE RESIDENCE?
- The company number of BELSQUARE RESIDENCE is 0440.491.846. The VAT number is the same number with BE in front: BE 0440.491.846.
- Where is BELSQUARE RESIDENCE based?
- The registered office is at Atrebatenstraat 155, 1040 Etterbeek.Company details
- What does BELSQUARE RESIDENCE do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of BELSQUARE RESIDENCE?
- The legal form of BELSQUARE RESIDENCE is Public limited company (NV).
- When was BELSQUARE RESIDENCE founded?
- BELSQUARE RESIDENCE was founded on 06-04-1990.
- Is BELSQUARE RESIDENCE still active?
- Yes, BELSQUARE RESIDENCE is an active enterprise in the KBO register.
- How many employees does BELSQUARE RESIDENCE have?
- BELSQUARE RESIDENCE had an average of 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELSQUARE RESIDENCE fall under?
- In its 2024 annual accounts, BELSQUARE RESIDENCE states joint committee 302 (Paritair Comité voor het hotelbedrijf).
- What is the turnover of BELSQUARE RESIDENCE?
- The turnover in financial year 2025 is ≈ €840,000. This figure is estimated from the gross margin of €432,230 and 30 comparable companies (NACE 55). It probably lies between €660,000 and €1.1m.
- Is BELSQUARE RESIDENCE profitable?
- In financial year 2025, BELSQUARE RESIDENCE made a profit of €202,995.
- Where can I find the annual accounts of BELSQUARE RESIDENCE?
- BELSQUARE RESIDENCE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELSQUARE RESIDENCE due?
- BELSQUARE RESIDENCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.